Kirby Corporation $KEX Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its holdings in Kirby Corporation (NYSE:KEX) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 337,835 shares of the shipping company’s stock after purchasing an additional 5,020 shares during the quarter. Bank of New York Mellon Corp owned about 0.63% of Kirby worth $44,892,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Fifth Third Wealth Advisors LLC increased its stake in Kirby by 4.2% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,917 shares of the shipping company’s stock valued at $255,000 after purchasing an additional 77 shares during the period. Procyon Advisors LLC grew its holdings in shares of Kirby by 2.9% during the first quarter. Procyon Advisors LLC now owns 2,811 shares of the shipping company’s stock worth $374,000 after buying an additional 78 shares during the last quarter. Fifth Third Bancorp increased its position in Kirby by 18.2% in the 4th quarter. Fifth Third Bancorp now owns 739 shares of the shipping company’s stock valued at $81,000 after acquiring an additional 114 shares during the period. M&T Bank Corp raised its stake in Kirby by 2.5% during the 4th quarter. M&T Bank Corp now owns 5,179 shares of the shipping company’s stock valued at $571,000 after acquiring an additional 125 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in Kirby by 50.0% during the 4th quarter. Parallel Advisors LLC now owns 402 shares of the shipping company’s stock valued at $44,000 after acquiring an additional 134 shares during the last quarter. Institutional investors and hedge funds own 96.15% of the company’s stock.

Kirby Price Performance

Kirby stock opened at $148.48 on Friday. The company has a market cap of $7.94 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 1.31 and a beta of 0.83. Kirby Corporation has a one year low of $79.51 and a one year high of $157.69. The business has a fifty day moving average of $141.52 and a two-hundred day moving average of $135.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.59.

Kirby (NYSE:KEX) last posted its quarterly earnings results on Thursday, April 30th. The shipping company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Kirby had a net margin of 10.51% and a return on equity of 10.62%. The business had revenue of $844.10 million for the quarter, compared to analysts’ expectations of $832.57 million. During the same period in the prior year, the company posted $1.33 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. As a group, analysts predict that Kirby Corporation will post 7.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KEX has been the topic of a number of recent research reports. Citigroup boosted their target price on Kirby from $160.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 13th. Bank of America lifted their price objective on shares of Kirby from $169.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Wall Street Zen raised shares of Kirby from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Weiss Ratings upgraded shares of Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Finally, BTIG Research restated a “buy” rating and issued a $170.00 target price on shares of Kirby in a research note on Tuesday, July 14th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.20.

Insider Activity at Kirby

In other news, VP Amy D. Husted sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $145.43, for a total transaction of $581,720.00. Following the sale, the vice president owned 10,814 shares of the company’s stock, valued at $1,572,680.02. The trade was a 27.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Christian G. O’neil sold 11,287 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $145.93, for a total value of $1,647,111.91. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 17,691 shares of company stock valued at $2,579,036. 0.80% of the stock is currently owned by corporate insiders.

Kirby Company Profile

Kirby Corporation is a leading domestic maritime transporter of bulk liquid products in the United States. Through its Marine Transportation segment, the company operates one of North America’s largest fleets of inland tank barges and towing vessels. Kirby’s fleet moves petrochemicals, black oil, refined petroleum products and agricultural chemicals along coastal and inland waterways, providing critical logistical support to energy, chemical and agricultural producers.

In addition to its marine operations, Kirby’s Distribution and Services segment offers diesel engine and power generation services, along with aftermarket parts sales.